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Jun 17, 2013
06/13
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the rest of the economy, job creators are suffering. david: so far the hangover has not really come on us with all this money printing. the free money. corporations of loved it. the market is doing well. you say if we look back to the 1970's we can see a parallel time or a parallel thing going on. of course that did not have quantitative easing, but they kept interest rates artificially low. >> what happened was in the 1970's, you get an inflationary bubble that it the commodities market, farm land, housing. we forgot we had a housing boom artificially the late 70's and early 80's. so we had to the 80's, farmland collapsed. oil collapsed down to $10 a barrel. so i think what you're going to see here -- i don't know wind. but it now be on the forbes 400 list, but you're going to see is these things will burst. what the fed has done is like putting a virus and a computer, correcting the price information in the marketplace. was the real value of oil, farm land? you don't know. david: when you look back to the 1970's, again, what is scary
the rest of the economy, job creators are suffering. david: so far the hangover has not really come on us with all this money printing. the free money. corporations of loved it. the market is doing well. you say if we look back to the 1970's we can see a parallel time or a parallel thing going on. of course that did not have quantitative easing, but they kept interest rates artificially low. >> what happened was in the 1970's, you get an inflationary bubble that it the commodities market,...
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Jun 21, 2013
06/13
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KRCB
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i believe the economy is grow with that rate. it's not a problem for the housing market and of course, the housing market is key for the growth in the economy but housing is still extremely affordable at record rates in terms of affordability. it would take rates going much higher before we saw that, you know, really affect or impact the housing market. >> viewers have their pencils ready and a couple stocks are banks, one big, one somewhat smaller. let's start with the big one, which is citi group. >> okay. we focus on fundamentals and the fundamentals are very positive for citi group. there is several positive factors favoring citi group. improvement in the capital market activity and citi group benefits from the real estate market. in fact, they are going to be releasing 8.57 -- $8.5 billion in reserves so that will be a strong tail wind this year. on top of that the evaluation is very attractive. the stock is selling at 63% of book, a low pe ratio and i think the stock could get up to book value. >> i would assume housing wou
i believe the economy is grow with that rate. it's not a problem for the housing market and of course, the housing market is key for the growth in the economy but housing is still extremely affordable at record rates in terms of affordability. it would take rates going much higher before we saw that, you know, really affect or impact the housing market. >> viewers have their pencils ready and a couple stocks are banks, one big, one somewhat smaller. let's start with the big one, which is...
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Jun 18, 2013
06/13
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FBC
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eye 117
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and economy is bert he. we're a perfect economic barometer, we can tell you in advance because of those lines. stuart: i thought that the terrible news for the city is probably very, very good news for you, but that's not the case. >> not the case. stuart: i come to you and you paan an object with you, and you give me a loan for $100. >> yes. stuart: what interest rate? >> state of michigan is regulated 3% a month and a $1 a month storage. stuart: hold on a second, story to interrupt you i know you're a star and television and interrupting you. story about that. you give me $100 for one month. i owe you, $104 at the end of the month. >> $3 interest and a dollar a month storage and state allows us to charge $1 per month per each item that you pawn. stuart: isn't that close to 40% on a year? >> yeah, but it's -- there's other states, we're the lowest interest rates in the united states. if you go to florida, it's 25% a month. if you go to arkansas, 30% a month. stuart: a month? >> a month. if you went to flori
and economy is bert he. we're a perfect economic barometer, we can tell you in advance because of those lines. stuart: i thought that the terrible news for the city is probably very, very good news for you, but that's not the case. >> not the case. stuart: i come to you and you paan an object with you, and you give me a loan for $100. >> yes. stuart: what interest rate? >> state of michigan is regulated 3% a month and a $1 a month storage. stuart: hold on a second, story to...
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Jun 22, 2013
06/13
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MSNBCW
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that's why their economy is tanking in wisconsin. wisconsin voters have taken notice and the post recent poll shows the governor is losing to ross feingold by three points and he hasn't announced if he's going to run or not. all the lefties saying you have to do it, you have to do it. walker's buddy to the southeast, that is john kasich, who i have quite a history with. he tried and failed to limit public employees in ohio collective bargain, and, of course, we beat him back on that. massive tax cuts for the rich in his state while increasing taxes on the poorest 60% of ohioans. now, the most recent polls show kasich is leading a possible contender in 2014 by nine points and a lot of this has to do with, he got a wakeup call after measure two didn't go his way. he has softened his position, so to speak, on labor. it's hoodwinked a few people, but, believe me, he's the same guy. republican governor tom corbin of pennsylvania. let me tell you, this guy is a dandy. corbin because of his controversial voter i.d. law and also privatized p
that's why their economy is tanking in wisconsin. wisconsin voters have taken notice and the post recent poll shows the governor is losing to ross feingold by three points and he hasn't announced if he's going to run or not. all the lefties saying you have to do it, you have to do it. walker's buddy to the southeast, that is john kasich, who i have quite a history with. he tried and failed to limit public employees in ohio collective bargain, and, of course, we beat him back on that. massive...
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Jun 19, 2013
06/13
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CNBC
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we knew the economy was improving. we're looking at the numbers, the way the federal reserve is looking at the numbers. unemployment has improved a bit. housing has certainly improved. what's wrong with the story, jeff? >> i think the market is overreacting. i agree with your second guest. it's going to be interesting to me to see if they can pile on here the rest of this week. i have been looking for some kind of intermediate top. i thought it would come in july. but we are very close to where i think you're in a place where you could get the first meaningful pullback, and if the markets don't correct themselves and start back up, i'd say in the next day or two, i'd say that pullback is here. >> all right. let me get to gordon, because he's been on the floor watching the activity, finishing up, settling his trades. gordon, what did you see at the end of the day? i know we were going down, down, down, as the market digested that we could, in fact, see the tapering begin in september of this year. but at the end of the
we knew the economy was improving. we're looking at the numbers, the way the federal reserve is looking at the numbers. unemployment has improved a bit. housing has certainly improved. what's wrong with the story, jeff? >> i think the market is overreacting. i agree with your second guest. it's going to be interesting to me to see if they can pile on here the rest of this week. i have been looking for some kind of intermediate top. i thought it would come in july. but we are very close to...
SFGTV2: San Francisco Government Television
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Jun 22, 2013
06/13
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SFGTV2
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and that's partly a philosophy of the sharing economy as well. and whether it's a need for space, people need to have space as they did in the aftermath of hurricane sandy, or now in oklahoma, or whether they needed to get a car because their car was damaged, or they needed some repairs in their house, they're trying to relight the pilot in the stove and they didn't know how to do it. they can't find the big utilities enthralled in a great effort elsewhere. these sorts of things people can help each other and we can access the companies that are part of bay share and the share economy to get some help for people right away. it's all in the general effort that i want people of san francisco in every single neighborhood to know we want them here as part of the recovery, that they're not going elsewhere, we're not leaving them alone. we're not leaving them isolated. i learned that big lesson as myself and others who went with me to new orleans a few years back a couple years after their levees broke. we tried to understand the frustration of people
and that's partly a philosophy of the sharing economy as well. and whether it's a need for space, people need to have space as they did in the aftermath of hurricane sandy, or now in oklahoma, or whether they needed to get a car because their car was damaged, or they needed some repairs in their house, they're trying to relight the pilot in the stove and they didn't know how to do it. they can't find the big utilities enthralled in a great effort elsewhere. these sorts of things people can help...
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Jun 20, 2013
06/13
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CNBC
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economy, housing around energy, but overall the economy is very unlikely to grow at 5% or 5.5% knowledge nal which is what the fed is forecasting and, therefore, the degree to which the market is pricing in tapering is unlikely to materialize. these rates actually will probably stabilize and head lower towards the end of the year. granted, we're seeing a lot of unwinding and a lot of volatility, but these markets should stabilize over time and this will prove to be an attractive buying opportunity. >> hold on one second, simon. jeff gundlach was on our show yesterday who said treasuries were set to rally fairly quickly, that you're sort of in this scenario of really nowhere to make any money these days just given what's happening. >> yeah. if you look at our investment grade high quality corporate bond portfolios today as of this morning, they're yielding 4.25% to 6% for long maturity high quality corporate bonds. that's going to attract from our clients globally. you will see buyers gradually step in and obviously bernanke and what the fed's predicament is in has created a lot of volati
economy, housing around energy, but overall the economy is very unlikely to grow at 5% or 5.5% knowledge nal which is what the fed is forecasting and, therefore, the degree to which the market is pricing in tapering is unlikely to materialize. these rates actually will probably stabilize and head lower towards the end of the year. granted, we're seeing a lot of unwinding and a lot of volatility, but these markets should stabilize over time and this will prove to be an attractive buying...
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Jun 17, 2013
06/13
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CNBC
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if they are looking through rose-colored glasses and thinking that the economy is in fact better off than it actually is and they make a policy decision as a result of the shaded view of what the real picture is, that's a problem. that's why i asked the question, that's all. >> i think the fed is in or around the market for the second half of the year. there's expected to be an acceleration. another thing we didn't talk about is the market's view and the fed's view about the impact of sequester. think so far the market has been re-evaluating that and expecting a little bit more growth and i think it's right to think that fed policy was oriented somewhat towards offsetting the sequester effects and to the extent that that's less it would make an argument for less qe in the months eye head when that becomes clear. >> good stuff as always, good to talk to you. >> steve liesman back at headquarters. >>> volatility has ruled the day lately. if our next guest is right, better get used to it. steven whiting is chief investment strategist for city wide bank. where do you weigh in on what hap
if they are looking through rose-colored glasses and thinking that the economy is in fact better off than it actually is and they make a policy decision as a result of the shaded view of what the real picture is, that's a problem. that's why i asked the question, that's all. >> i think the fed is in or around the market for the second half of the year. there's expected to be an acceleration. another thing we didn't talk about is the market's view and the fed's view about the impact of...
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Jun 22, 2013
06/13
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KPIX
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there are 155 food pantries in san francisco feeding the hungry and a growing illegal economy. kpix 5's ryan takeo takes a look at the underground food market. >> reporter: just steps away from the civic center in the shadows of the bustling heart of the city farmer's market is a different type of market altogether. >> come on, man. come on, man. >> reporter: we found a booming economy in underground food markets where you cannot beat the deals. >> how much? >> one dollar. >> a dollar for three? >> reporter: the sellers are feisty. [ yelling ] >> reporter: sometimes the struggle of the tenderloin neighborhood shows up too. >> give me all my money! >> reporter: but this story is more about where these sellers get at least some of their inventory. some of it comes from the san francisco food bank warehouse. >> we're aware that there are a few people who are selling food some of it we know comes from the food bank. >> reporter: how do you know that? >> we can see from the type of food that it is. some of it actually has our name on it. the food that we repackage has our name on it
there are 155 food pantries in san francisco feeding the hungry and a growing illegal economy. kpix 5's ryan takeo takes a look at the underground food market. >> reporter: just steps away from the civic center in the shadows of the bustling heart of the city farmer's market is a different type of market altogether. >> come on, man. come on, man. >> reporter: we found a booming economy in underground food markets where you cannot beat the deals. >> how much? >> one...
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Jun 15, 2013
06/13
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KPIX
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new at 6:00 we asked len ramirez if the silicon valley economy is humming, why so many layoffs? len? >> reporter: well, for some companies, it's humming along. for symantec, unfortunately, it is not. symantec officials are not officially commenting on the number of layoffs but it is expected to be very significant. and when a company this size does something like that, it has definite ripple effects throughout the local economy. it is one of the biggest and most well known companies in silicon valley. >> symantec. >> reporter: a coffee roasting manager knows many of symantec's 21,000 workers as regulars and friends. >> hey, how's it going? >> reporter: her shop is just two blocks from the sprawling symantec campus and takes in about 10% of its sales from symantec catering orders and walk-ins. >> to 7:30 it's like line out the door sometimes both ways. >> reporter: now she is afraid the lines and the business will begin disappearing. symantec is in the middle of a companywide transformation and reorganization that will reportedly cut 1700 jobs, potentially one of the big job uphe
new at 6:00 we asked len ramirez if the silicon valley economy is humming, why so many layoffs? len? >> reporter: well, for some companies, it's humming along. for symantec, unfortunately, it is not. symantec officials are not officially commenting on the number of layoffs but it is expected to be very significant. and when a company this size does something like that, it has definite ripple effects throughout the local economy. it is one of the biggest and most well known companies in...
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Jun 18, 2013
06/13
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FBC
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jobs in the economy. we know that it has been given how close e last few years. one company has been given 800 new jobs just this honor. i am wondering the same thing. how is this? let me welcome the c of firehouse. bob, you have cations in 35 states. but still, 800just this summer is a lot 2400 workers in 2013 hae said that you have done a lot of expanding even though the economy has not grown up fast. >> yes, americans have an insatiable appetite for great food. while the restaurant business is very competitive, they ar continuing to grow in this environment. we have the second highest birthrate nce lst year and we -lways hoped to do one better than that. melissa: ii'm sure that's rigt, given the climate and everything that employers are facing. wamart recently said that they are only hiring temporary workers at many of their u.s. stores for number of reasons. honestly they nt to be more flexible in the have to deal with benefits. we think of tir decion and w does that compare with what you are doing? >> i really can'speak for them. in our industry, we will con
jobs in the economy. we know that it has been given how close e last few years. one company has been given 800 new jobs just this honor. i am wondering the same thing. how is this? let me welcome the c of firehouse. bob, you have cations in 35 states. but still, 800just this summer is a lot 2400 workers in 2013 hae said that you have done a lot of expanding even though the economy has not grown up fast. >> yes, americans have an insatiable appetite for great food. while the restaurant...
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Jun 15, 2013
06/13
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MSNBCW
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immigrants contribute to our economy. immigrants pay taxes. we're actively mobilizing a lot of the important aspects of our economy. so when we are having a discussion about what is the living wage and how fast can we live on, right now, $14,500 is the living wage. they're talking about be giving access to services. we're creating a shadow economy of a community in perpetual -- >> i think the conservative movement in this country does not want immigration reform. it helps keep wages down like you're talking about. there is a mindset that is very strange. this came out of mouth of jeb bush. i want to you hear what he said about immigrants. here it is. >> we're going to have fewer workers taking care of a larger number of people that the country has a social contract with. to be able to allow them to retire with dignity and purpose we cannot do that with the fertility rates we have in our country. immigrants are more fertile and they love families and they have more intact families and they bring a younger population. >> what is your response to
immigrants contribute to our economy. immigrants pay taxes. we're actively mobilizing a lot of the important aspects of our economy. so when we are having a discussion about what is the living wage and how fast can we live on, right now, $14,500 is the living wage. they're talking about be giving access to services. we're creating a shadow economy of a community in perpetual -- >> i think the conservative movement in this country does not want immigration reform. it helps keep wages down...
SFGTV2: San Francisco Government Television
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Jun 16, 2013
06/13
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SFGTV2
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and after we opened, which was a spectacular opening concert about five weeks after that the economy completely crashed. my plan -- and i'm absolutely dogmatic about my plans --were delayed slightly. i would say that in this very difficult timefor the arts and everyone, especially the arts, it's phenomenal how new century has grown where many unfortunate organizations have stopped. during this period we got ourselves on national radio presence; we started touring, releasing cds, a dvd. we continue to tour. reputation grows and grows and grows and it has never stopped going forward. msk(music) >> the bay area knows the orchestra. you maybe take things for granted a little bit. that is simply not the case will go on the road. the audiences go crazy. they don't see vitality like this on stage. we are capable of conveying joy when we play. msk(music) >> any performance that we do, that a program, that will be something on the program that you haven't heard before. string orchestra repertoire is pretty small. i used to be boxed into small repertoire. i kept constantly looking for new repe
and after we opened, which was a spectacular opening concert about five weeks after that the economy completely crashed. my plan -- and i'm absolutely dogmatic about my plans --were delayed slightly. i would say that in this very difficult timefor the arts and everyone, especially the arts, it's phenomenal how new century has grown where many unfortunate organizations have stopped. during this period we got ourselves on national radio presence; we started touring, releasing cds, a dvd. we...
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Jun 21, 2013
06/13
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CNBC
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i think it needs to broaden the economy. that's very, very difficult for brazil at the moment. >> i mean, it does -- all roads lead to china. this is where, you know, this liquidity story, the timing of the pboc decision to try and teach the bank and the financial system a lesson is -- is really unfortunate. because, as you were saying earlier, it's really bad timing coming at the same point as we're trying to come to terms with this -- or accurately price the prospect of fed tapering. and, you know, this does pose quite a growth risk going into the second half for china, i think. >> what is the -- what is this -- 7% growth rates from 9%. they're trying to rein in the credit in the secondary banking system, chris. how is that going to spill out into asian -- asian emerging markets? >> it's going to be -- it's going to be quite powerfully negative, i think. and i think the other thing as proliferation countries are dealing with is the yen. essentially japan is exporting deflation. they may be trying to create inflation in the
i think it needs to broaden the economy. that's very, very difficult for brazil at the moment. >> i mean, it does -- all roads lead to china. this is where, you know, this liquidity story, the timing of the pboc decision to try and teach the bank and the financial system a lesson is -- is really unfortunate. because, as you were saying earlier, it's really bad timing coming at the same point as we're trying to come to terms with this -- or accurately price the prospect of fed tapering....
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Jun 17, 2013
06/13
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CNBC
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the economy is kind of stuck on credit right now. >> rates are already rising. stock traders are saying look at the bond market. they're responding to this as well right now. >> that's the indigestion, i think. you couldn't just say, rates are here, they're going to base stock market value certainties off this that rates are going up. i don't think it's really the likelihood, but i do think you have at least enough doubt with stocks having done what they've done year to date, you don't have a lot of room for error there. >> bob, what do you think the feds will say on wednesday? you have to have anticipation if you're putting money in this market. >> i think the fed is going to stay with the message they've been saying since the start of the year, which is we will taper when we've seen a financial improvement in the labor market. and then they'll leave up to the labor market to determine what is substantial. >> i think they also don't want people to interpret tapering as no more help. that's been the nuance. >> tapering means lower numbers. not necessarily 85 bil
the economy is kind of stuck on credit right now. >> rates are already rising. stock traders are saying look at the bond market. they're responding to this as well right now. >> that's the indigestion, i think. you couldn't just say, rates are here, they're going to base stock market value certainties off this that rates are going up. i don't think it's really the likelihood, but i do think you have at least enough doubt with stocks having done what they've done year to date, you...
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Jun 17, 2013
06/13
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KCSM
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. >> a sog you're to have a rational and positive immigration program will choke this economy. it's not a good idea. >> it will be good for every worker here. every day we wait is a day we've lost. >> how about that? youhen the is the last time saw those two on the same page? >> i think it was the united way mable for the nationals redskins parade and that's it. >> quite bluntly to put it in political terms. the senator from arizona says this makes it difficult for republicans to compete nationwide and state by state. it's tough to compete for people's votes on any issue when they believe you don't like them and that's where the republicans are right now. and john boehner has a real problem because you saw what they did last week. with steve cain in the lead from iowa they repealed the dream act which is enormously popular and hurt republicans in the 2012 election and i don't think it argues well for the immigration in the house. >> you don't think this thing is going to make it? >> right now i think what boehner wants to do is get the house judiciary committee to break it up b
. >> a sog you're to have a rational and positive immigration program will choke this economy. it's not a good idea. >> it will be good for every worker here. every day we wait is a day we've lost. >> how about that? youhen the is the last time saw those two on the same page? >> i think it was the united way mable for the nationals redskins parade and that's it. >> quite bluntly to put it in political terms. the senator from arizona says this makes it difficult for...
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Jun 21, 2013
06/13
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CNBC
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economy. >> yeah. >> and the more we can give more of the free markets the choices within there, i think the better off the economy's going to be and the markets will reflect that, as well. >> well, in terms of the continuation, i mean, do you think that money continues coming out of bonds? what's your take in terms of that great rotation? will we see some of the money coming out of the bond market moving into stocks? >> i think that you will. i think, you know -- you know, the reason people are in bonds is for safety. and with this, with the rates where they're at, that's not a safe place to be. so, you know, i feel maybe short-duration bonds, if you're really afraid of, you know, as the surrogate to cash. but we would be overweighting equities right now rather than being in bonds. i think bonds, there's only one place to go, hopefully, here, because as the economy improves, you know, yields -- rates have to go up. >> rates have to go up, but are there groups that are going to benefit from ra
economy. >> yeah. >> and the more we can give more of the free markets the choices within there, i think the better off the economy's going to be and the markets will reflect that, as well. >> well, in terms of the continuation, i mean, do you think that money continues coming out of bonds? what's your take in terms of that great rotation? will we see some of the money coming out of the bond market moving into stocks? >> i think that you will. i think, you know -- you...
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Jun 17, 2013
06/13
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WJZ
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soon the president and his counter parts turned their attention to the global economy. >> i'm pleased to join these leaders to announce the launch of negotiations on a new trade agreement. >> the economy is not the only topic at the g8. the civil war in syria is expected to dominate talks, including president obama's meeting with russian president vladimir putin. putin opposes president obama's plan to give military assistance to rebel forces, calling the fighters barbarians. >> are these the people you want to support? are they the ones yo you want to supply with weapons? >> if the meeting between the two countries wasn't icy enough, the white house is facing questions about allegations the u.s. spied on russia leaders at a previous global summit. >> britain's guardian newspaper said the intelligence was found in classified documents edward snowden leaked. the paper says at the 2009 g20 summit in london the u.s. intercepted messages from the last russian president. it's no secret the u.s. and russia spy on each other but now it will make it harder to find common ground. >> the guardi
soon the president and his counter parts turned their attention to the global economy. >> i'm pleased to join these leaders to announce the launch of negotiations on a new trade agreement. >> the economy is not the only topic at the g8. the civil war in syria is expected to dominate talks, including president obama's meeting with russian president vladimir putin. putin opposes president obama's plan to give military assistance to rebel forces, calling the fighters barbarians....
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Jun 18, 2013
06/13
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FBC
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>> dramatically over forecasting the economy. fourteen years, the last one ended and there's never been 14 years like that. we are going to have wage growth of 5.3% a year. so if you adjust real world super economics, you're looking at this. neil: sometimes you cannot not so sober and surprises. like 14 years ago you could have argued this. you could have pleasant surprises. neil: what you think about this? only bring you an internet boom? >> well, edge was a technological development and a great thing. neil: we are not always sold by3 this. >> the fed clearly is. we have a decade packed with zero interest rates and we are not always intervening in this way. >> well, they ought to stop right now. but the market is totally hooked on this monetary heroism. then they will begin to taper back or reduce the 85 billion. neil: so they should resist the hissy fit and moveon? >> yes, that is what they have been unwilling to do ever since greenspan punted in 1998 at the long-term capital time. time after time they have been doing the same
>> dramatically over forecasting the economy. fourteen years, the last one ended and there's never been 14 years like that. we are going to have wage growth of 5.3% a year. so if you adjust real world super economics, you're looking at this. neil: sometimes you cannot not so sober and surprises. like 14 years ago you could have argued this. you could have pleasant surprises. neil: what you think about this? only bring you an internet boom? >> well, edge was a technological...
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Jun 20, 2013
06/13
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KNTV
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stock market isn't the economy. the economy is not the stock market. mortgage price is an issue. bond sales are falling. that pushes interest rates up, john and laura. you'll pay about $200 more a month now on a $600,000 house than a couple months ago because interest rates have been creeping up. we've expected this fed move. >>> good news, shorter loans. student loans, credit cards, that kind of thing. too geeky to get into. short-term loans, those will be okay for quite some time. >>> 6:56 right now. today in north park it is safe to say the force will be with you out there. community leaders officially opening imagination park this afternoon. it includes the unveiling of a pronz statue of the always wise jedi master yoda. filmmaker george lucas donating the land to build the park in the community gathering center. that nice hat worn by indiana jones, a life size statue also being unveiled. >> i could use yoga, by the way, mice back is killing me. >> like it we do. let's check the forecast now with christina. >> we've got a good looking day shaping up. temperatures today are go
stock market isn't the economy. the economy is not the stock market. mortgage price is an issue. bond sales are falling. that pushes interest rates up, john and laura. you'll pay about $200 more a month now on a $600,000 house than a couple months ago because interest rates have been creeping up. we've expected this fed move. >>> good news, shorter loans. student loans, credit cards, that kind of thing. too geeky to get into. short-term loans, those will be okay for quite some time....
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Jun 21, 2013
06/13
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KPIX
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eye 117
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after the federal reserve says it will scale back from its bond buying program later this year if the economy continues to improve. the sell-off wiped out almost two months of gains and is making some investors nervous. >> my heart sunk and i'm retired and i have my money left in that and i'm going, oh, please don't let me have to get a job in retirement because my money is gone. >> reporter: the feds have pull back or risk rising inflation. but it's a tricky dance. >> when we see the stock market pull back our 401(k) accounts don't look good in the next month, perhaps we won't make the consumer purchases we have been making, it may make people think twice about buying homes as interest and mortgage rates go up. it's a delicate balance. >> reporter: more volatility is expected ahead. still, some investors look at it as a time to buy stocks. >> as usual, these are the opportunities usually for the people who might have missed out on some of the rallies, not jumping in with both feet but stay rational and look to put your money to work. >> i will be buying soon when it's stabilizing. >> reporte
after the federal reserve says it will scale back from its bond buying program later this year if the economy continues to improve. the sell-off wiped out almost two months of gains and is making some investors nervous. >> my heart sunk and i'm retired and i have my money left in that and i'm going, oh, please don't let me have to get a job in retirement because my money is gone. >> reporter: the feds have pull back or risk rising inflation. but it's a tricky dance. >> when we...
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Jun 18, 2013
06/13
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CNBC
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we don't have the data strengthening the economy support we want or for the fed to walk away. finally, the fed said they would be committed and stick with the stimulus until we see the unemployment rate go under 6.5%. we're nowhere near. we actually upticked last month. that's why we think it's the lower end of the range, a buying opportunity in gold. >> so you think the fed is not going to back away, buy gold her. anthony, what kind of move to you think gold is going to make tomorrow in your view? >> jackie, i think it's completely wrong to buy gold her. this show is kaulgd futures and he's still looking at the past for decisions he's making on gold. the fed has been easing for a year and a half and gold has done nothing but drop. it's all about inflation, inflation according to that cpi number, jeff is right, doesn't exist at this point. it's even detached from the dollar which has shown weakness and gold is still lower right now. so i don't think it really matters what the fed does. if they continue their qe, it won't matter to gold. it's still going lower. if they decide t
we don't have the data strengthening the economy support we want or for the fed to walk away. finally, the fed said they would be committed and stick with the stimulus until we see the unemployment rate go under 6.5%. we're nowhere near. we actually upticked last month. that's why we think it's the lower end of the range, a buying opportunity in gold. >> so you think the fed is not going to back away, buy gold her. anthony, what kind of move to you think gold is going to make tomorrow in...
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Jun 20, 2013
06/13
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MSNBCW
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, the real economy, forget about the market economy. the real economy is supposed to be getting better. and he's indicated that there's a couple of different metrics that he's looking for. employment being one of those metrics. and he's not going to be doing anything until things do get better. at least he says materially what that means, we don't know. a number of analysts out there interpreting his words in very different ways. some of this quantitative easing could stop as early as september. others saying, by the way, this could go on into 2014. and by the way, if that happens, it could be after bernanke's term which, as i know you've talked about, may be over soon and may get handed off to the next guy. >> that's the key takeaway. if the fed pulls back, the economy may be okay enough to stand on its own two feet but it may not be good for markets because free money might end. real quickly, again for the viewer out there, the stock sell-off, but so do bonds and people sell gold. so are people just -- is this stuffing money under the
, the real economy, forget about the market economy. the real economy is supposed to be getting better. and he's indicated that there's a couple of different metrics that he's looking for. employment being one of those metrics. and he's not going to be doing anything until things do get better. at least he says materially what that means, we don't know. a number of analysts out there interpreting his words in very different ways. some of this quantitative easing could stop as early as...
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Jun 17, 2013
06/13
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FBC
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bernanke is going to issue his report on the economy on wednesday. it does not look like he will be slowing down the printing press. who knows what they will say tomorrow. let's run with it. a big idea. a lot of speculation about what the company will announce. boeing announced it will announce a larger version of the 787. over 100 orders for it. that is $30 billion worth of planes. san antonio spurs took game five of the nba finals to beat the heat. they have a three-two lead. they had to miami for game six. doctor siegel is next. ♪ . to get a list of equity options... evaluate the with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious vestors are choosing fidelity. now get 200 free trades when you open an account. ♪ stuart: you have heard it many times. if you like your health plan, you get to keep it under obamacare. i want to bring in charles. it seems like the unraveling continues. aetna has 49,000 people wh
bernanke is going to issue his report on the economy on wednesday. it does not look like he will be slowing down the printing press. who knows what they will say tomorrow. let's run with it. a big idea. a lot of speculation about what the company will announce. boeing announced it will announce a larger version of the 787. over 100 orders for it. that is $30 billion worth of planes. san antonio spurs took game five of the nba finals to beat the heat. they have a three-two lead. they had to...
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Jun 20, 2013
06/13
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KNTV
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the economy soon is going to have to prove itself by itself. ben bernanke said in his wednesday press conference the fed would likely end its purchase of bonds next year. remember we're talking about billions an billions of bond purchases every month. that news should drive interest rates, particularly mortgage rates up. as for the effect of equities, let's get right to kayla tausche who is live at cnbc world headquarters. >> hey, scott. futures are lower this morning following yesterday's sell-off. stocks, bonds, both slammed by comments from federal reserve chairman ben bernanke. speaking about when the central bank may end its economic stimulus program, reacting the disappointing data about china's economy and the manufacturing sector. here today we have reports on unemployment, manufacturing and housing. the dow dropping 206 points to 15,112 the nasdaq losing 38 to 3,433. >> we'll keep an eye on it with updates throughout the day. you remember john mcafee, the eccentric millionaire chazed through gaut mall land belize, a person of interest
the economy soon is going to have to prove itself by itself. ben bernanke said in his wednesday press conference the fed would likely end its purchase of bonds next year. remember we're talking about billions an billions of bond purchases every month. that news should drive interest rates, particularly mortgage rates up. as for the effect of equities, let's get right to kayla tausche who is live at cnbc world headquarters. >> hey, scott. futures are lower this morning following...
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Jun 21, 2013
06/13
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CNBC
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is the economy strong enough? is the economy around the world strong enough to support the market at this level if they're going to pull support away. >> i think what he's trying to say is the economy he hopes will be strong enough. they're not pulling the rug out right now. they've made it clear they're extremely data dependent. i think they're expecting the economy to be strong enough, and i think they're expecting that when it is, they will start to pull back. to be clear, you know, you made a comment earlier about are we ahead of ourselves from a fundamental perspective? i think the market is very forward looking, right? so the point there is i think the market is looking ahead six months and saying, we're going to be in a very different place -- >> hang on, hang on. i understand that point, but i don't think that's where we are because we were artificially inflated by the fed, and the assumption was that the fundamentals would come up to support us, and, therefore, it's not a normal situation. what we're sayi
is the economy strong enough? is the economy around the world strong enough to support the market at this level if they're going to pull support away. >> i think what he's trying to say is the economy he hopes will be strong enough. they're not pulling the rug out right now. they've made it clear they're extremely data dependent. i think they're expecting the economy to be strong enough, and i think they're expecting that when it is, they will start to pull back. to be clear, you know,...
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Jun 21, 2013
06/13
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KPIX
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well, the answer is economy t economy's getting better and, in some places, it is booming. dean reynolds reports tonight from one of those places in minnesota. >> reporter: it's a short bike ride to work for chris dillman, but time enough for him to count the blessings of living where unemployment is 3%-- less than half the national average. >> thank you for calling. >> reporter: he works as a technical support specialist for digi-key, an electronic parts distributor for smart phones whose growth exploded after its switched from mail order to internet sales. is do you feel fortunate that you got a job here? >> yeah, i'm fortunate! (laughs) i'm not here because of just the money. it's the other things. it's the small town atmosphere. the way that you can walk down the street, you can strike up a conversation, that type of mentalqw. >> reporter: he's talking about thief river falls, or t.r.f. as they call it around here. population 8,500 and counting. digi-key will hire 150 workers this year. neighboring arctic cat has expanded its product line from snowmobiles to all terrain
well, the answer is economy t economy's getting better and, in some places, it is booming. dean reynolds reports tonight from one of those places in minnesota. >> reporter: it's a short bike ride to work for chris dillman, but time enough for him to count the blessings of living where unemployment is 3%-- less than half the national average. >> thank you for calling. >> reporter: he works as a technical support specialist for digi-key, an electronic parts distributor for smart...
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Jun 22, 2013
06/13
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CSPAN
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applyingu reframe from the monopoly to our economy. you've been criticized for suggesting that the f.c.c. uses de facto regulation or at a minimum of underscoring its ability to do so. i hope understand when a chairman is tasked with executing the law discusses using a backdoor to imposing a new regime and skirting the regulatory authority issue. congress never intented for the review authority to be used as a backdoor policy making tool that lacks transparency and review. we already have too many federal agencies carrying out too many agged the d.a.s. third, be a visionary. you have seen firsthand the power of the internet. there's no debate where our current telecommunication laws if they were written in 1992, 1996, or 1934, where consumers can choose from multiple wire lines. none of them did. in fact, all of our laws deserve to be reviewed and brought into our era, reflecting not just today's reality but a allowing for today's advances. i invite you to share your ideas reguaranteing statutory modernization. i know many members have
applyingu reframe from the monopoly to our economy. you've been criticized for suggesting that the f.c.c. uses de facto regulation or at a minimum of underscoring its ability to do so. i hope understand when a chairman is tasked with executing the law discusses using a backdoor to imposing a new regime and skirting the regulatory authority issue. congress never intented for the review authority to be used as a backdoor policy making tool that lacks transparency and review. we already have too...
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Jun 21, 2013
06/13
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>> the real economy is. i think that china is turning out to not be as important as we thought how the real economy does, but the real economy is not controlling the stock market. the real economy is a sideshow. what matters are bonds and futures traders who come in on every new piece of bad chinese news and blow out our market because they haven't figured out yet that we're not hostage to china, and i think it's the perception, it hasn't been able to get to the point where we realize in -- traders realized that china is not the be all and end all that it was. >> and i think also, too, there's just different cultural context when it comes to banking between the u.s. and china. if we saw our overnight rates shoot to 25%. it would be apocalyptic, right? >> absolutely. >> but they have a more infantile banking system there and it doesn't feet here like it does in the united states. >> one of the things that does worry me. brazil, a million people on the street. not protesting they wished they had a more capital
>> the real economy is. i think that china is turning out to not be as important as we thought how the real economy does, but the real economy is not controlling the stock market. the real economy is a sideshow. what matters are bonds and futures traders who come in on every new piece of bad chinese news and blow out our market because they haven't figured out yet that we're not hostage to china, and i think it's the perception, it hasn't been able to get to the point where we realize in...
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Jun 22, 2013
06/13
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FOXNEWSW
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. favorite no commentññññññ administration not so flattering and so he's just decided that he will stop talking to them. >> it is a policy he will come to reconsider and i would suspect withdraw what he thinks about it because -- the papers come out every day. >> yeah. i mean, it is incredible. very, very bad judgment. because it is one of those things first of all, it -- looks bad. i think if you are the average voter you think that you can't punish up ins for -- you know, running things you don't like then will have t
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer....
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Jun 20, 2013
06/13
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KPIX
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captions by: caption colorado comments@captioncolorado.com >> ight, a brighter economy. the federal reserve raises its predictions for growth and jobs. anthony mason on the new outlook. the director of the f.b.i. surprised many today with a frank answer to this question: >> does the f.b.i. use drones for surveillance on u.s. soil? >> pelley: bob orr on the f.b.i.'s program. this is supposed to be the answer to america's biggest nuclear contamination problem, but it's billions over budget. carter evans investigates. and ken moreis' great-great- great grandfather is a giant of american history. jim axelrod on how a powerful legacy changed one man's man'sn. mission. >> frederic douglas said it's easier to build strong children than repair broken men. captioning sponsored by cbs >> pelley: good evening. it doesn't happen very often but it happened today-- the stock market plunged in reaction to good news. the news from the head of the federal reserve was that the economy is doing better. here's the part wall street did not like. ben bernanke said the economy is doing well en
captions by: caption colorado comments@captioncolorado.com >> ight, a brighter economy. the federal reserve raises its predictions for growth and jobs. anthony mason on the new outlook. the director of the f.b.i. surprised many today with a frank answer to this question: >> does the f.b.i. use drones for surveillance on u.s. soil? >> pelley: bob orr on the f.b.i.'s program. this is supposed to be the answer to america's biggest nuclear contamination problem, but it's billions...
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Jun 19, 2013
06/13
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CNBC
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is it a recognition the economy might be better than we think? are we starting to work in the taper? why are rates going up? >> rates aren't going up, scott. they're sideways. they went up earlier and they went up to about 2.30% on the ten-year which we talked about a few weeks ago and since then they're just bouncing around. rates really aren't rising. they're going sideways, and i think actually rates are going to start falling. i think the place, the one place that you're likely to make money in the next several weeks, maybe couple of months, is actually, believe it or not, the most hated asset class on the planet, long-term u.s. government bonds. that's what i think is going to be the most successful investment, and looking at to the reach that conclusion is the fact that there is no inflation anywhere. there's no sign of inflation. when you look at the commodity market in particular, it really looks bad. i mean, look at where copper is. look at where gold is. look at where gold is in foreign currencies. i mean, it's hitting new lows in terms
is it a recognition the economy might be better than we think? are we starting to work in the taper? why are rates going up? >> rates aren't going up, scott. they're sideways. they went up earlier and they went up to about 2.30% on the ten-year which we talked about a few weeks ago and since then they're just bouncing around. rates really aren't rising. they're going sideways, and i think actually rates are going to start falling. i think the place, the one place that you're likely to...
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Jun 21, 2013
06/13
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CNBC
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that's indicative of a better economy, a faster growing recovery happening. if rates back up very severely like we have been seeing over the last month, that's problematic in my view. that's volatility in my view. but overall the bond market needs to stabilize. when that happens i think the markets will and we can focus on earnings. if the economy continues to recover, corporate profits will recover mikofecover miking the attractive. defensives have been hammered again. you have to keep an eye out for some of these quality companies. those are on the radar screen. we're too early. >> jeffrey gundlach was on the show and said he didn't expect to hit 2.r50% on the ten-year note, today it did. gundlach e-mailing me when i asked him why are we seeing such a violent move. higher yields leads to fear-based selling leads to the street stepping back leads to fear-based selling and around and around it goes. doc, is this the way it's going to be for a while? >> it is in a way. but i agree with stephanie and stephen and jeff gundlach, who when he said it here on our sh
that's indicative of a better economy, a faster growing recovery happening. if rates back up very severely like we have been seeing over the last month, that's problematic in my view. that's volatility in my view. but overall the bond market needs to stabilize. when that happens i think the markets will and we can focus on earnings. if the economy continues to recover, corporate profits will recover mikofecover miking the attractive. defensives have been hammered again. you have to keep an eye...
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Jun 18, 2013
06/13
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economy would not only be a stall on the u.s. economy as we see the policies set be i the fed are being imitated this is what draggy has been doing in europe and in japan. i many own sense is that for a short period of time, probably another two or three quarters. it's important for america to continue to provide the leadership that will allow a global recovery to occur. then we do have to get on with the business of solving structural issues. i don't think it will be easier to solve structural issues if we find ourselves back in the state in the recovery we currently have is going to be questioned. >> i think that's right nevada the confidence fa we node to keep if economy going seems to be correlated to the market's perception of what the fed is doing. and maybe we're surprised by that a little bit because the fundamentals shouldn't be so checked. but the pact is, they are. the psychology, the canesian animal spirits, if you will, seem to be realed to the market's reactions to where the fed is on the issue. and i think what you
economy would not only be a stall on the u.s. economy as we see the policies set be i the fed are being imitated this is what draggy has been doing in europe and in japan. i many own sense is that for a short period of time, probably another two or three quarters. it's important for america to continue to provide the leadership that will allow a global recovery to occur. then we do have to get on with the business of solving structural issues. i don't think it will be easier to solve structural...
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Jun 18, 2013
06/13
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CNBC
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one of the biggest problems in the economy, interesting changes here. used to be concerned about too little deficit reduction. that back in april. that's fallen off. not a whole lot of concern about deflation or overall inflation and a little bit more concern about too much deficit reduction, that the sequester is hitting the economy in a bad way, but those aren't on the top. let's go to the next one to look at the top, the next graphic, there we go. the european financial crisis falling off, slow job growth and tax and regulatory policies the two maintaining the top spot for the second month in a row. let's see some of the other ones, 11% sluggish overseas growth, overall uncertainty. asset price bubbles and declines. slow income growth, slow overall growth, and then there's negative economic commentary by the press. thought i'd throw that in there. someone did mention that. as for the overall economic outlook, really unchanged since the april survey. looking for 2.1% year over year and accelerating to 2.6% next year. tyler, not a lot of concern about
one of the biggest problems in the economy, interesting changes here. used to be concerned about too little deficit reduction. that back in april. that's fallen off. not a whole lot of concern about deflation or overall inflation and a little bit more concern about too much deficit reduction, that the sequester is hitting the economy in a bad way, but those aren't on the top. let's go to the next one to look at the top, the next graphic, there we go. the european financial crisis falling off,...
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Jun 19, 2013
06/13
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FBC
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this economy is clearly not going fast enough to create real growth in this economy. dagen: if you are working in the white house, are you somehow thankful for all of these other scandals? there is serious uncertainty out here. the fed has sort of been the -- i do not think that will continueefor too much longer. point to affect, we have some real issues. some real headwinds. connell: i think the president may like to be boring for a little while. i think he may take conversation about the housing market slowly recovering or quickly recovering >> we would like to see some leadership, as well on the fiscal side of the ledger. should the conversation moved beyond some of these issues, that could actually help unleash businesses and help business to grow and floors. dagen: if there is one thing that forces their hand in the white house to deal with the budget deficit, it will be a federal reserve. you only need a slight uptick. everyone will be crying foul about how money is more expensive. connell: that has been one of the big stories. what is your take? >> i think it i
this economy is clearly not going fast enough to create real growth in this economy. dagen: if you are working in the white house, are you somehow thankful for all of these other scandals? there is serious uncertainty out here. the fed has sort of been the -- i do not think that will continueefor too much longer. point to affect, we have some real issues. some real headwinds. connell: i think the president may like to be boring for a little while. i think he may take conversation about the...
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find out what's really happening to the global economy cars are reporting on a. little. thanks for staying with us updating you on our breaking news story n.s.a. whistleblower edward snowden wanted by the u.s. for as in moscow after landing on a flight from hong kong airport sources saying he'll spend the night there and wait for his onward flight reportedly to cuba monday afternoon it's then thought health third as yet unrevealed destination for more on this let's go live to our tease paul scott standing by at sheremetyevo airport paul give us the latest. you mentioned the latest breaking developments in the last hour or so airport sources have suggested to us say that i was not and will in fact spend the night. now it's not clear whether that was the original intended plan or whether something has forced a change of halts for his legal. is traveling with him let's believe walking on behalf of wiki leaks he has been greeted by the ecuadorian ambassador who also remains inside of the airport as we speak it's believed the two are in discussions about the next move for edw
find out what's really happening to the global economy cars are reporting on a. little. thanks for staying with us updating you on our breaking news story n.s.a. whistleblower edward snowden wanted by the u.s. for as in moscow after landing on a flight from hong kong airport sources saying he'll spend the night there and wait for his onward flight reportedly to cuba monday afternoon it's then thought health third as yet unrevealed destination for more on this let's go live to our tease paul...
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Jun 17, 2013
06/13
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on the economy for example. so the "new york times" ran a piece over the weekend, they were basically saying the new normal of sluggish growth now over and we should get much more optimistic about the economy. and then you hear today that the fed is possibly going to down grade its own estimates this week at the meeting and that will become the main focus. >> with all due respect to the people who work at the fed, they are notorious for faulty estimates, if you would. and so you can't have it there but there is an old anecdote about somebody helping plan d day invasion and he was a meteorologist and he kept say i don't go want to give you anymore reports because i think it's no better than a 50/50 shot and the general said send it in any way, we need it for planning. so even though something is inferior, people keep looking to it. >> and just briefly, i know in the last couple weeks we've been trading off different things. first it was what was happening in japan and the yen, then what was happening here in the
on the economy for example. so the "new york times" ran a piece over the weekend, they were basically saying the new normal of sluggish growth now over and we should get much more optimistic about the economy. and then you hear today that the fed is possibly going to down grade its own estimates this week at the meeting and that will become the main focus. >> with all due respect to the people who work at the fed, they are notorious for faulty estimates, if you would. and so you...
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Jun 21, 2013
06/13
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KNTV
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a new concern raised about china's economy. and even though we got good news on the housing market it wasn't enough to combat the weekly jobs report. >>> they're asking for the public's help in tracking down a man who is looking for a job. he goes by bruce lee marshal, francois marshal. while working at a san francisco software company he allegedly established a fictitious company and hired it to do some fake work. he had that company collect over $100,000 in cash from the company he actually worked for. >>> no ruling yet. the supreme court handed down its rulings on three other cases this morning but nothing about california's ban on same sex marriage. that decision will come either next monday or next thursday. now if the court rules that same sex couples can marry once again in california, the clerk in san matte ocounty says his office is ready to go. >> our computers are ready, staff is ready. but everything else will be routine, other than the crowds. >> in the last several weeks, several bay area counties have been increa
a new concern raised about china's economy. and even though we got good news on the housing market it wasn't enough to combat the weekly jobs report. >>> they're asking for the public's help in tracking down a man who is looking for a job. he goes by bruce lee marshal, francois marshal. while working at a san francisco software company he allegedly established a fictitious company and hired it to do some fake work. he had that company collect over $100,000 in cash from the company he...
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Jun 18, 2013
06/13
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our economy and our democracy. so i'm not the least bit surprised. i'm pleased that in this case, which is an older case, that it was solved efficiently. >> mr. kallstrom, you say that you believe that trust has been promised for the american people. what should the response be? how do you regain that trust? how do we set the system straight? >> by having people that pontificate on television tell the truth. if they can't tell the truth for reasons of classification, then they say so. but, you know, i'm not saying that the ends justify the means in any case, even if the trust of the government was 90%, which it never will be, but it clearly doesn't help to have all these things going on about benghazi and the irs and all these other things. you know, it costs a crooked eye to the whole government. it's going to be difficult to maintain these types of systems -- >> so what -- forgive me. i don't mean to interrupt. you have a problem probably with the line here. what is the truth that you believe is not being said in public that needs to be said? >> yo
our economy and our democracy. so i'm not the least bit surprised. i'm pleased that in this case, which is an older case, that it was solved efficiently. >> mr. kallstrom, you say that you believe that trust has been promised for the american people. what should the response be? how do you regain that trust? how do we set the system straight? >> by having people that pontificate on television tell the truth. if they can't tell the truth for reasons of classification, then they say...
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Jun 21, 2013
06/13
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that really are the game changers in our economy. >> there's talk about a potential scott smith 2014 win for governor. national audience, if you want to make an announcement, we'll give you the platform. >> i will make a firm announcement that i'll make an announcement sometime in the future. i'll do the best i can as president of the united states conference of mayors. >> we got you to announce that you will be announcing something at some point. we'll call that a win today. >> thank you, peter, and come back for spring training. >> appreciate it. >>> opening bell all set to ring on wall street. we got to talk about some other things and the markets are one of them. the markets looking to recover after two days of heavy sell-off. the dow lost more than 400 points in 4 hours following bernanke's comments on quantitative easing. it should be relatively quiet for economic news in the u.s. no major data is due for release today. at any moment, we could get a key ruling in the trial of george zimmerman. the judge is expected to rule whether the jury can hear expert's testimony about whos
that really are the game changers in our economy. >> there's talk about a potential scott smith 2014 win for governor. national audience, if you want to make an announcement, we'll give you the platform. >> i will make a firm announcement that i'll make an announcement sometime in the future. i'll do the best i can as president of the united states conference of mayors. >> we got you to announce that you will be announcing something at some point. we'll call that a win today....
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have started in san francisco that want to find space, vehicles, tools, and everybody in the sharing economy saying, we can actually plan with you and not wait for disaster to hit. >> reporter: hurricane sandy last winter was the wake-up call for new york. >> the oceans are warmer so we would expect more storms and we have to be ready for that. we have 450 miles of coastline in new york city. and we need a lot of technology to figure out how to protect from waves, from high water, from winds and that kind of thing. >> reporter: and both mayors say they hope to reach their goals by having this high-tech summit. the first one will be in new york city this fall. the second part of that summit will be held right here in san francisco early next year. live in san francisco, linda yee, kpix 5. >> nice to see we have finally bridged the uhuru. there are 600 san francisco- based technology companies that already work together to help solve city problems such as education and immigration issues. >>> a trip to hawaii that turned into the ultimate vacation nightmare. on the consumerwatch, julie watts w
have started in san francisco that want to find space, vehicles, tools, and everybody in the sharing economy saying, we can actually plan with you and not wait for disaster to hit. >> reporter: hurricane sandy last winter was the wake-up call for new york. >> the oceans are warmer so we would expect more storms and we have to be ready for that. we have 450 miles of coastline in new york city. and we need a lot of technology to figure out how to protect from waves, from high water,...
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Jun 15, 2013
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. >> well, the economy's going to try to do a lot of things, which is one open up our doors to people, for example, in harlem which is right around the corner from me. so it would be nice to have some of these great young athletes instead of playing basketball, for example, or football, that they choose tennis. and that there's a means and a ways possibly that they could get themselves from doing something possibly not good to possibly doing something great for their country. >> rose: and one of the great golf writers around, jaime diaz, talks about the u.s. open at marion. >> and tiger used to do it better than anyone. just like jordan would do it at the end of the game. that was allure and tiger had that allure. he still has it but he's been fighting himself to some extent and he hasn't been able to do it at a major and that's the ult mast test and that's the thing he lived for. so the drama now is seeing if he can do that again. that's what people are watching and wondering. >> rose: and some rules for life and management from donald rumsfeld. he calls it "rumsfeld's rules." >> and
. >> well, the economy's going to try to do a lot of things, which is one open up our doors to people, for example, in harlem which is right around the corner from me. so it would be nice to have some of these great young athletes instead of playing basketball, for example, or football, that they choose tennis. and that there's a means and a ways possibly that they could get themselves from doing something possibly not good to possibly doing something great for their country. >>...